Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[d_eddie]

  lol
Looks like she knows he way around a mic!

... or two.

[1714218034]

1714218034

[1714218034]

1714218034

[Melupira89]

come back in a few years when you hear the rumors of another bull run.

$35K By Q4 - Forbes
https://www.forbes.com/sites/naeemaslam/2018/04/10/bitcoin-the-harder-the-fall-the-higher-the-rise-35k-by-q4/#1f7495c65410

Bet more...... more beT

[LFC_Bitcoin]

  lol
Looks like she knows he way around a mic!

Mic (goosens) can confirm

[STT]

Is a rise to 35,000 a positive in terms of an overall market.  That rapid a price change seems to represent higher volatility.    Some other thread was asking if everyone would drop BTC if it stayed at 7000 and I mentioned the obvious fact that a stable price helps contract settlement  (pricing confidence).

If bitcoin goes to 35,000 why is it any better then your local house tripling in price and becoming an unavailable purchase for the younger generation in that neighbourhood.   We might view a higher price as a positive but also I think it brings some negatives with it, because the market is both buyers and sellers.
  I'm really more interested in the underlying market developing, I know the price is nice to see rise as a positive indicator but revenue and general population of bitcoin users rising is probably a great positive longer term

Also, nations such as China seem to be moving in the right direction when it comes to regulation. China has stated that it will soon move in and begin to regulate cryptocurrency as opposed to an outright ban of the digital assets. Moreover, China now has a new blockchain fund with $1.6 billion, something which we have not seen before because 30 percent of the fund is backed by the Hangzhou city government.

That would be very bullish if true.   It makes more sense if China engages with technology.   However crypto is in conflict with capital controls and overly authoritative regimes.   Massive irony with the Petro issuance for example, except they are able to continually issue more PTR unilaterally so Ive read

[Torque]

come back in a few years when you hear the rumors of another bull run.

$35K By Q4 - Forbes
https://www.forbes.com/sites/naeemaslam/2018/04/10/bitcoin-the-harder-the-fall-the-higher-the-rise-35k-by-q4/#1f7495c65410

Yeah well... in Q1 of 2014, I distinctly and vividly remember such bullish articles being written about how Bitcoin was going to hit a new ATH by end of 2014.

In hindsight we all saw how that turned out. So don't believe everything you read.

[mike4001]

If bitcoin goes to 35,000 why is it any better then your local house tripling in price and becoming an unavailable purchase for the younger generation in that neighbourhood.

Because you can easily buy 0.01 BTC but not 0.01 house ;-)

[STT]

Well in London, I know people mainly in the minimum wage workers and some immigrants from across Europe even end up sharing rooms in a house.   So in effect people do buy into fractions of a house, instead of having their 'own place' they have somewhere to sleep only for 8 hours out of 24 in the day.   1 room out of 4 in a house for 1/3 of the day is someone living in 0.0825 of a house sadly.  

London is a great example of a constricted market, very limited land and increasing demand, population growth.   Price rises are related to government policy which subsidies housing and gives tax benefits.   Bonds are in a bubble and allow this

Tokyo residential prices have fallen from quadruple London prices in 1990 to just one quarter now of London houses prices in 2014.    Is that a bubble or a result of Japans population failing.   The YEN and government Bond pricing is related to that, we also know Japan holds 1 trillion in US treasury debt and now is greatly involved in Bitcoin.
     I see all of crypto as being related to these larger problem economies and I dont think we are the weak spot in the bigger picture at all.   Which means a higher or at least stable BTC price is a reasonable prospect by long term factors

China also has a falling working population believe it not.  They have labour cost inflation, as a big exporter I think that also knocks onto world inflation and the value of currencies.

[fortune143]

Well in London, I know people mainly in the minimum wage workers and some immigrants from across Europe even end up sharing rooms in a house.   So in effect people do buy into fractions of a house..

That room is being rented, not bought, so the tenant has no property rights at all and cannot profit from an appreciating asset, unlike with bitcoin. Bitcoin is a far superior investment to renting.

You also failed to factor in that people on minimum wage cannot afford to rent in London; if they do then they're eating ramen noodles 3 times per day and walking to 3 jobs they have.

Price rises are related to government policy which subsidies housing and gives tax benefits.  

Really? Or is the London housing bubble more related to rich/foreign buyers purchasing high end properties in gentrified neighborhoods, either to let out to tenants (see above), or to leave empty and keep as a store of value?

[STT]

Rich people and tax benefits are going to be strongly related then.    For example there is no tax on classic car and asset appreciation in that field within the UK, dont know about other countries.

Thats a really big positive underlying factor to that market.    I aint rich, I dont care that much about tax benefits so much as I'm not giving away 40% or more from my income.   But I imagine its a big benefit or incentive to those with money if housing speculation were more favourably taxed then normal income.

Also in contrast to bitcoin, gold is tax free in the UK.   Some of the coinage has zero taxes on it despite being nearly pure gold, because of the historic gold standard.   Rather then hold bitcoin and pay capital gain taxes, there has to be a large bias to gold from this.
Silver, whoever keeps mentioning that is taxed with VAT or sales tax across most of the EU.   So in UK that would mean you must pay 20% taxes to government to hold silver.    I would only buy silver secondhand really, nicely tarnished might help get a good price.   Every market has large varied influences, some external on it.

Its possible people have time share on housing I guess but Bitcoin wins on being more fungible and easily exchanged.   It doesnt normally have a yield on it like housing can though

[HairyMaclairy]

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

[crypto mania]

  lol
Looks like she knows he way around a mic!

... or two.

She probably likes to do it with two microphones, looks like an expert in this field. Strong grip, quick reaction just a professional.

[JayJuanGee]

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

From the context, I gather you are trying to figure out basis and taxes...

When you refer to BFX hack, you mean the supposed BFX hack from August 2016?  And then there was a issuance of BFX tokens that counted for across the board crediting of 36%, and those balance of those BFX tokens that were still in your account (and not traded) were fully redeemed by April 1, 2017.

[Toxic2040]

(-redacted-) killed my buddy yesterday in Islamabad. He continued to drive on red signal and it was entirely his fault, not of my buddy...

God bless his soul. He was a nice person.

I am so sorry for your loss. MVA's are usually tragic for everyone involved.

He'll be back.

We all come back.

Guilty

god I hope not

Feeling the love.

Get a grip, Toxic. 

This is only an interwebs thread.

Snap out of it.     

Needed that reality check...thanks Jay.

--------------------------------------------------------
Bitcoin

Price rebounded off a downward trend line..I would expect a retest of that trend line soon.

#dyor

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

Not really sure..I have people that have people that take care of these things(/s)..but you might look around in here.
https://cointracking.info/new_features.php

[Spaceman_Spiff_Original]

If bitcoin goes to 35,000 why is it any better then your local house tripling in price and becoming an unavailable purchase for the younger generation in that neighbourhood.   We might view a higher price as a positive but also I think it brings some negatives with it, because the market is both buyers and sellers.
  I'm really more interested in the underlying market developing, I know the price is nice to see rise as a positive indicator but revenue and general population of bitcoin users rising is probably a great positive longer term

Assuming a stable purchasing power of USD, 35k BTC will be just as useful money as 5k BTC (except maybe that 35k BTC might be more liquid and less volatile). 
On the other hand, a house is something that you need.  Although there is a certain degree of elasticity, you'll need a certain amount of square footage for you or your family to live in comfortably.  If you can buy that house for 100k, you might be fine.  If you need to buy that house for 1M because of the market, you might be shit out of luck, and your wellbeing will suffer for it.

[nikauforest]

Tera (or anyone else) - do you understand how Cointracking is accounting for the BFX hack?   I think it is screwing up my balances.

That is a tricky one. Have you done a search in the "Enter Coins/ Overview- Manual Import" to see what has happened?( what Cointracking is automatically doing ) I am guessing you are using the API for import?

[JayJuanGee]

Get a grip, Toxic. 

This is only an interwebs thread.

Snap out of it.     

Needed that reality check...thanks Jay.

hahahahaha.....

You seemed to have been on the verge of either a Mike Hearn ragequit or a Rosewater scurry to the cupboards.     

 Of course, an extreme and exceptional scenario would be to digress so far as to get roached..., surely we gotta nip such situations in the bud... because, really, we don't need no more roaches in these parts, if avoidable..... 

[gembitz]

If bitcoin goes to 35,000 why is it any better then your local house tripling in price and becoming an unavailable purchase for the younger generation in that neighbourhood.   We might view a higher price as a positive but also I think it brings some negatives with it, because the market is both buyers and sellers.
  I'm really more interested in the underlying market developing, I know the price is nice to see rise as a positive indicator but revenue and general population of bitcoin users rising is probably a great positive longer term

Assuming a stable purchasing power of USD, 35k BTC will be just as useful money as 5k BTC (except maybe that 35k BTC might be more liquid and less volatile).  
On the other hand, a house is something that you need.  Although there is a certain degree of elasticity, you'll need a certain amount of square footage for you or your family to live in comfortably.  If you can buy that house for 100k, you might be fine.  If you need to buy that house for 1M because of the market, you might be shit out of luck, and your wellbeing will suffer for it.

>_> still useful @ $100 lol

[Last of the V8s]

Respected chartist who recently lost his trading stash Bonavest compares the present with a fractal from 2014/5.
iiuc The different time frames are because of increased activity nowadays.

Maybe the end is near or nearish.

[Ivor Biggun]

Respected chartist who recently lost his trading stash Bonavest...

How did he lose his trading stash? Was it through bad trades?

[Last of the V8s]

Respected chartist who recently lost his trading stash Bonavest...

How did he lose his trading stash? Was it through bad trades?

Well yes